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Microcap & Penny Stocks : OILEX (OLEX)
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To: Ditchdigger who wrote (2228)1/3/1998 11:28:00 AM
From: Eric Maggard  Read Replies (1) of 4276
 
DD,

The only problem with the increasing of the authorized share count is that the managment and insiders hold more than half of the O/S and so they would not need to send out a proxy. IMO. I didn't get to vote on the increase in authorized shares when they raised it to 50M.

FWIW,
Eric
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